All the headlines from our Claims Topic Page, ordered by recency.
Apr 12 2021 // A top official with the Archdiocese of Santa Fe says a financial flood from clergy sex abuse claims is coming and a settlement would serve as the dam to prevent devastation to parishes across northern New Mexico.A letter...
Apr 6 2021 // On a recent insurance social media page, an agent was looking for a market for a $2 million home that had experienced a $540,000 plumbing leak claim and the carrier had nonrenewed. A few weeks earlier, another agent had...
Apr 5 2021 // Oklahoma has reached a $25 million settlement with Farmers Insurance over the company’s handling of earthquake claims, state officials say.Oklahoma Attorney General Mike Hunter and Insurance Commissioner Glen...
Apr 5 2021 // Arthur J. Gallagher & Co.’s risk management services subsidiary, Gallagher Bassett Services Inc. (GB), has acquired Pleasantville, New York-based Terrier Claims Services Inc. (TCS) and its affiliate, MT...
Apr 1 2021 // An updated report on workers’ compensation claims in Texas related to COVID-19 shows that as of Feb, 14, 2021, insurance carriers reported more than 44,000 COVID-19 claims and 200 fatalities to the state’s...
Apr 1 2021 // The blockage of the Suez Canal is likely to lead to large reinsurance claims, adding to upward pressure on marine reinsurance rates, James Vickers, chair of reinsurance broker Willis Re International, told Reuters.Formal...
Apr 1 2021 // As companies continue to adapt to COVID-19, it is evident that one of the long-lasting effects of the novel coronavirus will be the increased number of permanent work from home accommodations.According to a recent Gallup...
Mar 26 2021 // A Massachusetts judge on Thursday denied a bid to dismiss a lawsuit by the state’s attorney general challenging Uber’s and Lyft’s classification of drivers as independent contractors instead of employees...
Mar 25 2021 // LONDON – The owner and insurers of one of the world’s largest container ships stuck in the Suez Canal face claims totalling millions of dollars even if the ship is refloated quickly, industry sources said on...
Mar 24 2021 // Boston Scientific Corp. agreed to pay $188.7 million to settle claims by most U.S. states that it deceptively marketed its surgical mesh devices to consumers.The settlement with 47 states and Washington, D.C. was announced...
Mar 23 2021 // Most of the insurers that provided Steinhoff International Holdings NV with director-liability policies have agreed to pay as much as 78.1 million euros ($93 million) toward legal settlements resulting from a 2017...
Mar 22 2021 // The Winners AreInsurTech NY announced the winners of its 2021 Early-Stage InsurTech Competition at the InsurTech Spring Conference on March 10. The winners received prizes worth $200K in total.Winners were selected by...
Mar 19 2021 // SYDNEY – Thirty-four creditors of Greensill Capital Pty, the Australian parent of the collapsed British supply chain financier, submitted over A$1.75 billion ($1.35 billion) in claims to the company, administrators said...
Mar 11 2021 // Top insurance companies, ordered by Britain’s highest court to pay thousands of small businesses millions of pounds in claims for COVID-19 disruption, are facing a battle with reinsurers over who should foot the...
Mar 5 2021 // The majority of National Flood Insurance Program claims in Louisiana stemming from Hurricane Laura, which hit the state in August 2020, have been closed.FEMA says the NFIP has closed 87% of the 1,227 claims submitted and...
Mar 3 2021 // Florida-based homeowners insurance provider Security First Insurance has appointed Greg Moraski as vice president of Claims.Moraski will oversee the company’s claims department, which includes specialized areas such...
Mar 1 2021 // Steinhoff International Holdings NV is in talks with the providers of director liability insurance policies about help settling legal claims resulting from a 2017 accounting crisis that took the South African retailer to...
Mar 1 2021 // A Clark County, Wash., woman has filed a lawsuit against the city of Vancouver claiming that poor sidewalk maintenance contributed to her brother’s death more than a year ago.According to the suit, filed in Clark...
Feb 26 2021 // DUBLIN – Irish insurer FBD more than doubled the money set aside to cover lockdown-linked claims to 65 million euros ($79 million) after it lost a test case brought by four publicans over a policy that included...
Feb 25 2021 // Munich Re reported a profit of €1.21 billion (US1.47 billion) for 2020, a 55% decline from the €2.71 billion (US$3.29 billion) reported for the previous year.The reinsurer’s Q4 2020 profit dropped to €212...